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2108 Jelane Dr, Valrico, FL 33594
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Property summary
AI-generated overview
This exceptional 400-square-foot industrial space, located at 2108 Jelane Dr, Valrico, FL 33594, presents a fantastic opportunity for businesses seeking flexible and versatile warehouse or distribution solutions. Situated in the Tampa, FL submarket of Hillsborough County, this single-story building offers a total of eight suites, with this entire 400 square foot unit currently vacant and ready for immediate occupancy. The property's "flex" designation allows for a variety of uses, making it ideal for a range of businesses. Its ample space is perfect for storage of materials, tools, or excess inventory. The property's location in Valrico provides easy access to major transportation routes, streamlining logistics and distribution. This is a multi-tenant building, offering a collaborative environment. The property is classified as Industrial and Special Purpose, reflecting its adaptability to diverse operational needs. This is a rare opportunity to secure a functional and well-located industrial space in a thriving market. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,630 SF
Lot
2.03 ac (88,502 SF)
Zoning code
CG
APN
U192921327000002000010
UPID
US18-0245580
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$1.18M
Owner & transaction history
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CG · Valrico, FL
Top alternative use upside
Neighborhood: shopping center
$885,000
+64.4%
Retail stores
$835,000
+55.4%
Commercial (general)
$765,000
+41.9%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.18M
Value range
$1.06M – $1.29M
±10% around blend
Estimated value / SF
$324 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
50
Income certainty
100
$1.06M
blend $1.18M
$1.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,630 SF
Lot area
2.03 ac
Year built
1977
Stories
1
APN
U192921327000002000010
Zoning
CG
Assessed value
$1,538,800
Annual tax
$27,510
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$27,510
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$781k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.5 mi away · 4,000 SF
17.8 mi away · 2,800 SF
21.1 mi away · 3,932 SF
21.8 mi away · 3,360 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 367 sales
$148
+118%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $324/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+64%
vs current-use indication
Retail Stores
Commercial (general)
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
3.20%
Selected cap rate for this warehouses
Derived from the Valrico market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$436k *
Last sale · Sep 2021
$1.15M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13.63M
Move the market yield to see immediate price impact.
Value / SF
$3,754
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$393k
$14.54M
$12.27M
$10.61M
$436k
$16.15M
$13.63M
$11.79M
$480k
$17.77M
$14.99M
$12.97M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$825k
16.7 mi · Dec 2025 · $258/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,510
Tax year 2023
Assessed value
$1,538,800
Assessed 2023
Previous assessed
$1,332,300
+15.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$382,757
Assessed improvement
$1,156,043
Land market value
$382,757
Improvement market value
$1,156,043
Total market value
$1,538,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
8
Stories
1
Units
10
Rooms
114
Total area
3,630 SF
Lot
2.03 ac (88,502 SF)
Zoning code
CG
APN
U192921327000002000010
UPID
US18-0245580
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Valrico, FLZoning CG · permitted uses
CG · Valrico, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Units
10
Rooms
114
Lot
2.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CG
Jurisdiction
Valrico, FL
Recorded code
CG
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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